allowing marijuana dispensaries to actually utilize banks would go a long way towards creating monetary circulation. Instead of forcing them to literally bury their money in the back yard for safe keeping. Absurd, and dangerous.
Interesting comment … very diversified group of individuals who benefitted from the education and loans. So that limits impact … it’s unfortunate so many took the loans from government support and didn’t understand the need to get an educational experience that would allow them to contribute to society and pay down debt.
I'm reading in several places that Peter Thiel may have caused this bank run, inadvertently or otherwise, by calling around those he knew where invested in the bank and urged them to pull all deposits. I know that he's radical in his beliefs and seemingly more than willing to place his business investments and US politics all the same. ...Is it possible that he did in fact cause this?
Him and a couple others for sure. There's a reason Yellen decided to back the depositors...they looked at the balance sheet and discovered it only had a minor impairment. Thiel should pay a price.
This guy is excellent. Did SVB contact Blackrock? I am not fully buying this bond business. The bank was started in 1983 when interest rates were over 10%. Let us see derivative and property portfolio leverage. Would not be surprised if Evergreen and Vulture fund were invested in by SVB. Sad story.
SVB paid out employee bonuses and the CEO went on the run literally a day before the feds swooped in. What a load of crock. It's such an obvious collusion. The government wants tech assets so they can continue their WEF 2030 Agenda, and now anyone who wants to start a tech company has to go through them instead of private entrepreneurship.
Tangible assets will always be a far better investment, numbers on a screen or a sheet of paper are jubject to being erased with a keystroke or paper shredder.
NO BAILOUT FOR SVB. The American banking system seems like it is teetering badly. NOTE: It is time for a new financial ecosystem to emerge for investors and the banking public. Decentralized financial services and backing by a tribal government - with complete and real insurance levels - is needed now. American Indian tribes could offer this within weeks. Where are the banking and investment innovators? #investment #like #banking #insurance #venturecapital #investing #financialservices
I hope they get a bailout, was a great bank and not a failure due to market manipulation or scammers like in 2008. All this was due to three things. 1. Fed raising rates causing investors to not want to fund anymore. 2. SVB management going big on long term treasuries over short term. 3. VCs panicking over a fire that was not there when SVB was willing to take a $2B loss now and easily absorb it & raise capital to fund the clients while VCs wait it out. A bank failed when it should not have. Had they been corrupt like JPM and Goldman??? I’d say he’ll no, but clients would flock back to SVB, VCs would eventually come back long term. Literally a $20B bailout would do WAY more good here than say $20B to Ukraine that is doing nothing good. SVB bailout saves tens of thousands of jobs that flow back into the economy. SVB doesn’t own politicians though. And Becker wasn’t a horrible CEO,,he mad a few bad decisions yes. Everyone does that. But for over a year and just recently saw financials and asked about the MBS thing and were very much ok with it.
Sounds like this guy will be able to swoop in and ask for ... idk 25% of one of these small startups - 'hey, i am your new bank, how much do you need for payroll again? It is Friday, right?' Rich get richer.
How to look like a smart (but stupid) venture capitalist : 1. Have a fake accent 2. Use jargons that even oxford dictionary will struggle to find 3. Dye your hair, or facial hair grey 4. Keep pumping money in scam startups Additional details that I may have missed are highly solicited.
allowing marijuana dispensaries to actually utilize banks would go a long way towards creating monetary circulation. Instead of forcing them to literally bury their money in the back yard for safe keeping. Absurd, and dangerous.
Banks would just take that money and rehypothecate it too.
Wasn’t it drug money that saved most banks in 2008?
Amazing all the concern about Banks
but nowhere near a similar concern for
Economic Contagion from Student Debt
implosion.
Interesting comment … very diversified group of individuals who benefitted from the education and loans. So that limits impact … it’s unfortunate so many took the loans from government support and didn’t understand the need to get an educational experience that would allow them to contribute to society and pay down debt.
I'm reading in several places that Peter Thiel may have caused this bank run, inadvertently or otherwise, by calling around those he knew where invested in the bank and urged them to pull all deposits. I know that he's radical in his beliefs and seemingly more than willing to place his business investments and US politics all the same.
...Is it possible that he did in fact cause this?
Him and a couple others for sure. There's a reason Yellen decided to back the depositors...they looked at the balance sheet and discovered it only had a minor impairment. Thiel should pay a price.
Thanks “Arjun”.
This guy is excellent. Did SVB contact Blackrock? I am not fully buying this bond business. The bank was started in 1983 when interest rates were over 10%. Let us see derivative and property portfolio leverage. Would not be surprised if Evergreen and Vulture fund were invested in by SVB. Sad story.
SVB paid out employee bonuses and the CEO went on the run literally a day before the feds swooped in. What a load of crock. It's such an obvious collusion. The government wants tech assets so they can continue their WEF 2030 Agenda, and now anyone who wants to start a tech company has to go through them instead of private entrepreneurship.
Wouldn't be surprised if those companies calling for their customers to do a bank run on SVB had puts lol
Tangible assets will always be a far better investment, numbers on a screen or a sheet of paper are jubject to being erased with a keystroke or paper shredder.
You can trust the Gov. They know what they are doing... They got us thru the 2008 little problem. Didn't they?
This is more a political question than economic unfortunately
I really admire what tech guys do, but What would be economy like if there were let's say 50% less burning money in start-ups?
I hope the Fed is happy.
the bank's root cause before the insane printing of money
The fed has an obligation to apply the law to function. If they don't, we'll go back to 1930 economic meltdown.
Demorats OWN THIS!
I am. The rate hikes are working.
Blame the Fed for the bank over leveraging? lol ok bud
Wall Street opens on Monday the 13th.
Could of just banked at Jpm but there clowns wanted to be part of the boys club - let me rot
NO BAILOUT FOR SVB. The American banking system seems like it is teetering badly.
NOTE: It is time for a new financial ecosystem to emerge for investors and the banking public. Decentralized financial services and backing by a tribal government - with complete and real insurance levels - is needed now.
American Indian tribes could offer this within weeks. Where are the banking and investment innovators? #investment #like #banking #insurance #venturecapital #investing #financialservices
I hope they get a bailout, was a great bank and not a failure due to market manipulation or scammers like in 2008.
All this was due to three things.
1. Fed raising rates causing investors to not want to fund anymore.
2. SVB management going big on long term treasuries over short term.
3. VCs panicking over a fire that was not there when SVB was willing to take a $2B loss now and easily absorb it & raise capital to fund the clients while VCs wait it out.
A bank failed when it should not have. Had they been corrupt like JPM and Goldman??? I’d say he’ll no, but clients would flock back to SVB, VCs would eventually come back long term. Literally a $20B bailout would do WAY more good here than say $20B to Ukraine that is doing nothing good. SVB bailout saves tens of thousands of jobs that flow back into the economy.
SVB doesn’t own politicians though. And Becker wasn’t a horrible CEO,,he mad a few bad decisions yes. Everyone does that. But for over a year and just recently saw financials and asked about the MBS thing and were very much ok with it.
this is so fun as a business owner who pays with CASH in all things, PAYROLL, orders rent etc. LOL CLASSIC!!!
Sounds like this guy will be able to swoop in and ask for ... idk 25% of one of these small startups - 'hey, i am your new bank, how much do you need for payroll again? It is Friday, right?' Rich get richer.
That would illegal and vigorously prosecuted.
This bank is only short a couple of billion, this is not crypto.
House GOP should discover the ESG score of every VC. The lower the score, bail them out loll.
All the silicon valley tech nerds & their vc backers are lefties
Incredible hair
More is coming so take your $200 as you pass go.
He talks like Elon.
Cry me a river
How to look like a smart (but stupid) venture capitalist :
1. Have a fake accent
2. Use jargons that even oxford dictionary will struggle to find
3. Dye your hair, or facial hair grey
4. Keep pumping money in scam startups
Additional details that I may have missed are highly solicited.
says the stupidest peasant
Why not get the taxpayers or the poor to pay